Free practice test

Economist Practice Test

Check what you know about the economist job with 15 free questions and instant explanations.

Updated By the Career Education Institute Curriculum Team
About this practice test

15 multiple-choice questions on economist knowledge, safety and vocabulary. Submit to see your score and explanations, or open any question’s answer as you go. Nothing is saved or shared.

Question 1 of 15GDP measures:
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Answer: Economic output. Output.

Question 2 of 15Inflation means:
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Answer: Rising prices. Prices.

Question 3 of 15Fiscal policy involves:
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Answer: Taxes and spending. Government.

Question 4 of 15Correlation is not:
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Answer: Causation. Caution.

Question 5 of 15Elasticity measures:
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Answer: Responsiveness. Sensitivity.

Question 6 of 15Which term matches this definition: “Finding cause and effect.”
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Answer: Causal inference. Causal inference: Finding cause and effect.

Question 7 of 15What does “Monetary policy” mean?
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Answer: Central bank actions.. Monetary policy: Central bank actions.

Question 8 of 15Which term matches this definition: “Share of labor force without jobs.”
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Answer: Unemployment rate. Unemployment rate: Share of labor force without jobs.

Question 9 of 15What does “Forecast” mean?
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Answer: Predicted outcome.. Forecast: Predicted outcome.

Question 10 of 15Which term matches this definition: “Market forces.”
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Answer: Supply and demand. Supply and demand: Market forces.

Question 11 of 15What does “Recession” mean?
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Answer: Economic decline.. Recession: Economic decline.

Question 12 of 15Which term matches this definition: “Measuring relationships.”
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Answer: Regression. Regression: Measuring relationships.

Question 13 of 15What does “Elasticity” mean?
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Answer: Responsiveness to price.. Elasticity: Responsiveness to price.

Question 14 of 15Which term matches this definition: “Consumer price index.”
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Answer: CPI. CPI: Consumer price index.

Question 15 of 15What does “Fiscal policy” mean?
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Answer: Government taxing and spending.. Fiscal policy: Government taxing and spending.

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